NEW YORK, Nov. 7, 2018 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 500,
S&P MidCap 400 and S&P SmallCap 600:
- S&P MidCap 400 constituent Jack
Henry & Associates Inc. (NASD: JKHY) will replace EQT
Corp. (NYSE: EQT) in the S&P 500, and EQT will replace
Jack Henry & Associates in the
S&P MidCap 400 effective prior to the market open on
Tuesday, November 13. Equitrans
Midstream Corp. (NYSE: ETRN) will be added to the S&P MidCap
400 effective prior to the market open on November 13. Superior Energy Services Inc. (NYSE:
SPN) will be removed from the S&P MidCap 400 effective prior to
the opening on Wednesday, November
14, and will replace Flotek Industries Inc. (NYSE: FTK) in
the S&P SmallCap 600. EQT is spinning off approximately 80% of
its stake in Equitrans Midstream effective after the close on
Monday, November 12. Post spin-off,
EQT and Equitrans Midstream will both have market caps more
representative of the mid-cap market space. Superior Energy
Services' market capitalization is more representative of the
small-cap market space, and Flotek is ranked at the bottom of the
S&P SmallCap 600.
- MasTec Inc. (NYSE: MTZ) will replace United Natural Foods Inc.
(NASD: UNFI) in the S&P MidCap 400, and United Natural Foods
will replace MiMedx Group Inc. (NASD: MDXG) in the S&P SmallCap
600 prior to the market open on Monday,
November 12. The NASDAQ Stock Market has determined MiMedx
Group is no longer in compliance with listing standards. Therefore,
MiMedx will no longer be eligible for the S&P SmallCap 600.
United Natural Foods has a market capitalization that is more
representative of the small-cap market space.
Jack Henry & Associates
provides technology solutions and payment processing services
primarily for financial services organizations. Headquartered in
Monett, MO, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Data Processing & Outsourced Services Sub-Industry
index.
EQT Corp operates in the natural gas industry. Headquartered in
Pittsburgh, PA, the company will
be added to the S&P MidCap 400 GICS Oil & Gas Exploration
& Production Sub-Industry index.
Equitrans Midstream owns, operates and develops midstream assets
in the Appalachian Basin. Headquartered in Pittsburgh, PA, the company will be added to
the S&P MidCap 400 GICS Oil & Gas Storage &
Transportation Sub-Industry index.
Mastec provides engineering, building, installation,
maintenance, and upgrade services for communications, energy, and
utility infrastructure. Headquartered in Coral Gables, FL, the company will be added to
the S&P MidCap 400 GICS Construction & Engineering
Sub-Industry index.
Superior Energy Services provides oilfield services and
equipment to oil and natural gas exploration and production
companies. Headquartered in Houston,
TX, the company will be added to the S&P SmallCap 600
GICS Oil & Gas Equipment & Services Sub-Industry index.
United Natural Foods distributes natural, organic, and specialty
foods and non-food products. Headquartered in Providence, RI, the company will be added to
the S&P SmallCap 600 GICS Food Distributors.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – NOVEMBER 12, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
MasTec
|
Industrials
|
Construction
&
Engineering
|
DELETED
|
United Natural
Foods
|
Consumer
Staples
|
Food
Distributors
|
S&P SMALLCAP
600 INDEX – NOVEMBER 12, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
United Natural
Foods
|
Consumer
Staples
|
Food
Distributors
|
DELETED
|
MiMedx
Group
|
Health
Care
|
Biotechnology
|
S&P 500 INDEX
– NOVEMBER 13, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Jack Henry
|
Information
Technology
|
Data Processing
&
Outsourced Services
|
DELETED
|
EQT
|
Energy
|
Oil & Gas
Exploration &
Production
|
S&P MIDCAP 400
INDEX – NOVEMBER 13, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
EQT
|
Energy
|
Oil & Gas
Exploration &
Production
|
|
Equitrans Midstream
Corp
|
Energy
|
Oil & Gas Storage
&
Transportation
|
DELETED
|
Jack Henry
|
Information
Technology
|
Data Processing
&
Outsourced Services
|
S&P MIDCAP 400
INDEX – NOVEMBER 14, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
DELETED
|
Superior Energy
Services
|
Energy
|
Oil & Gas
Equipment &
Services
|
S&P SMALLCAP
600 INDEX – NOVEMBER 14, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Superior Energy
Services
|
Energy
|
Oil & Gas
Equipment &
Services
|
DELETED
|
Flotek
Industries
|
Materials
|
Specialty
Chemicals
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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